It official! Bob Hetzel’s book “The Great Recession: Market Failure or Policy Failure” is finally out. Buy it! Needless to say I ordered it long ago.
We all know it – Bob Hetzel has a Market Monetarist explanation for the Great Recession. It was caused by overly tight monetary policy – what Bob calls the Monetary Disorder view of the Great Recession.
John Taylor has a favourable review of the book here.
David Beckworth comments on Taylor here.
Scott Sumner comments on Hetzel, Taylor and Beckworth.
And finally Bill Woolsey also has a wrap-up on Hetzel, Taylor, Beckworth and Sumner (and Marcus Nunes for that matter).
Do I need to add anything? Well no, other than just buy that book NOW!!
Here is that official book description:
“Since publication of Robert L. Hetzel’s The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus…
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Utopia, you are standing in it! 
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